SALT SALT

$0.1849
Market Cap $ 14.843 MM (#169)
24h Volume $ 1.918 MM
Chg. 24h: 0.22%
Algo. score 3.3/5  (#288)
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SALT News

SALT CEO Responds to Binance De-Listing, Says He Was Surprised

Blockchain project SALT is speaking out about being delisted from No. 1 crypto exchange based on trading volume, Binance. SALT CEO Bill Sinclair said that the delisting came as a surprise to SALT. Not only that, but the company takes issue with the way that Binance went about the action, the ambiguity of which Sinclair says created a "negative implication." Sinclair stated: “At SALT, we define success not by the number of exchanges on which we are listed, but by our efforts to help shape this new economy." SALT will be delisted from Binance on Feb. 22. (GT)

30 minutes ago

"At SALT, we define success not by the number of exchanges o...

"At SALT, we define success not by the number of exchanges on which we are listed, but by our efforts to help shape… https://t.co/k99rj4kvLR

an hour ago

Binance Delisting: Why were SALT lending, Substratum and others delisted from Binance?

Binance, one of the world’s top cryptocurrency exchanges announced on Friday that they will be delisting five altcoins, CLOAK, MOD, SALT, SUB and WINGS. Binance’s reasons for such delisting were articulated in their blog and included, commitment of the team to project, level and quality of development activity, evidence of unethical/fraudulent conduct, among other reasons. This isn’t a surprising development however as some of the delisted tokens do have a very dodgy history. Below is a small collection of facts that could have contributed to Binance’s decision to delist the select tokens. SALT The SALT token has quite a history since it once came under the SEC’s radar in February 2018 when it was subpoenaed for allegedly distributing securities tokens to insiders and seeking information on the $50 million it raised during its ICO. Moreover, as per the data obtained from CoinMarketCap, it can be seen that the price of SALT fell from approximately $18 to a low of $1 and the company were forced to remove the option of paying principal to the loans using SALT tokens. This was a major concern since SALT tokens were fixed at a constant retail price, marked much higher than the market value of the tokens. The price of SALT has suffered a huge blow due to the delisting announcement by Binance. The token which was trading at $0.21 has collapsed massively in a single hourly candle to the bottom and was trading as low at a low of $0.17, which is a decrease of 19%. Considering that Binance is the major contributor to trading volume for SALT [~70% via trade pairs SALT/USDT, SALT/BTC], the actual delisting might cause another huge blow to the trading volume as well as the price. SUBSTRATUM Substratum has also received a lot of negative publicity ever since the ICO ended. Brian Li had reported that there were discrepancies in the ICO funds collected, soon after it ended. His report also suggested that tokens including 2.5 BTC, 702 BCH, 1142 ETH, and 35 LTC were missing from the ICO funds. This report was made worse after he mentioned that the CEO of Substratum was able to afford a ‘$400,000 home and a bunch of new toys in the first week of October 2017″. Moreover, the fact that Substratum’s Founder, Justin Tabb, admitted to using the funds raised through ICO in his trades, for a company that is trying to decentralize the internet raises a huge red flag. The price for SUB followed the same course as SALT, as it fell from $0.044 to $0.026, which is a decrease of 40.9% within a span of a couple of hours of the announcement. The post Binance Delisting: Why were SALT lending, Substratum and others delisted from Binance? appeared first on AMBCrypto.

6 hours ago

Binance and KuCoin Delist Substratum Once Again, Giving Rise to Questions for Investors

Yesterday, Binance announced that it would delist SUB, CLOAK, MOD, SALT, and WINGS by 22. Following this news, Substratum plunged 38% as approximately 97% of its trading volume was on Binance. This news has also caused worry among investors as some of them believe the Substratum ecosystem is falling apart as its team is trading ICO funds. The Substratum team tweeted an acknowledgement note to show its users that it would continue with its operations. Binance stated that it arrived at this decision due to lack of communication with the Substratum team among other reasons. (VK)

8 hours ago

Binance Kicks Another Five Altcoins Out, Prices Crash

Binance Kicks Another Five Altcoins Out, Prices Crash Source: iStock/PJPhoto69 Major cryptocurrency exchange Binance has decided to delist another five coins on February 22, prompting sell off. The coins that are being delisted are CloakCoin (CLOAK), Modum (MOD), SALT (SALT), Substratum (SUB), and Wings (WINGS). “At Binance, we periodically review each digital asset we list

9 hours ago

How Tokens Die: Binance Is Delisting 5 Troubled Projects

Early this morning U.S. time, Binance announced it will delist five crypto tokens: CloakCoin, Modum, SALT, Substratum, and Wings. All except for CloakCoin were issued in fundraising ICOs. The delistings will be effective February 22, giving holders another week to sell their holdings if they wish. Withdrawals of the tokens will be available until May […]

a day ago

New batch of Binance delistings includes SUB and SALT

Binance plans to remove several crypto assets from its exchange, in order to uphold its current statedly-high standards. Binance due diligence In an announcement on its support page on February 15, Binance revealed it will no longer host trading for Substratum (SUB), SALT (SALT), CloakCoin (CLOAK), Modum (MOD), and Wings (WINGS). As far as reasoning goes, the exchange explained it’s due to a perpetual evaluation of all currently-listed projects. Binance has a set level of expectations for each asset it hosts. “When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all of our users,” the cryptocurrency exchange said in the announcement. Some of the aspects Binance takes into consideration prior to extracting assets include: Commitment of team to project Level and quality of development activity Network / smart contract stability Level of public communication Responsiveness to our periodic due diligence requests Evidence of unethical / fraudulent conduct Contribution to a healthy and sustainable crypto ecosystem” Binance examined the five crypto assets and deemed them for eviction from its platform. All SUB, SALT, CLOAK, MOD and WINGS trading will be terminated on February 22, 2019 at 10 am UTC. The exchange has also specifically said that it will pull all trade orders following each pair’s trading stoppage. “To view your assets after trading ceases, please ensure you have not selected ‘Hide small assets’ in your Funds page,” an official statement added. Users can also still withdraw the specified assets from Binance until May 22, 2019, at 10 am UTC. The cause for removal Crypto YouTuber Rob Paone, aka CryptoBobby, had a few insights on the situation in his video highlighting the news. In general, Paone said a lack of trading volume might be a reason for these delistings. Speaking on Substratum, however, he showed a lack of surprise regarding the asset’s removal. “Substratum came out and they were talking about a bunch of different things with trading their treasury balance, and the CEO had talked in a conference before about pump and dump groups. All types of stuff that just gives me the heebie-jeebies,” Paone said. Back in December 2018, Substratum’s CEO Justin Tabb explained in a YouTube video that the project cashed out multiple ethereum positions (from its war chest of funds) based on market price forecasts. Continuing to explain Substratum’s path moving forward (which statedly was included in its white paper), Tabb said: We are going to not cash-in, but begin basically attempting to trade up so that we can further our position as long as possible. Obviously, this bear market is hard on everybody We’re taking advantage of the trader that we have in full-time. And we are going to be actively trading a portion of the ethereum so that we can trade up, basically. So we can sell at the top of the bands and buy at the bottom of the bands.” As logically expected, most of the mentioned assets have seen a considerable fall in price, likely associated with the news. According to CoinMarketCap at the time of this writing, SUB has fallen 30% over the last 24 hours. Furthermore, CLOAK has declined by about 24%, and MOD is down almost 32%. The post New batch of Binance delistings includes SUB and SALT appeared first on Crypto Insider.

a day ago

SALT is proud to be supporting @EthereumDenver and the BUIDL...

SALT is proud to be supporting @EthereumDenver and the BUIDLATHON with a bounty. Catch Caleb Slade, SALT CoFounder… https://t.co/3TJ9N0GvZY

a day ago

Principais notícias sobre criptomoedas desta sexta-feira

Por: Livecoins Para saber o que está acontecendo no mercado cripto nesta sexta, o Livecoins preparou um relatório das principais notícias que chegam ao mercado, confira a seguir. O banco central do Irã está trabalhando com um par de startups blockchain que estão desenvolvendo o que poderia ser a base para um novo ecossistema de token. A principal empresa de telecomunicações da Coreia do Sul, a KT Corporation, foi selecionada para desenvolver uma criptomoeda local na cidade sul-coreana de Gimpo. Os legisladores do Luxemburgo aprovaram, no dia 14 de Fevereiro, um quadro legal para conceder às transações efetuadas com a nova tecnologia o mesmo estatuto legal que as tradicionais. Criptomoedas ganham força neste país. O estado de Wyoming dos EUA passa agora a conta SF0125, que define “ativos digitais” como “propriedade”. Estado mostra que as criptomoedas estão ganhando força por lá após aprovar lei que permite que Bitcoin seja tratado como dinheiro. A SEC, que é a Comissão de Valores dos EUA, oficialmente começa a rever a proposta de ETF da Bitcoin da VanEck. Isso é uma vontade de muitos no mercado cripto, que enxergam um produto deste como a porta de entrada para investidores institucionais de peso, o que poderia trazer valorização de preços ao Bitcoin. A proibição de bitcoin e criptomoedas imposta durante 2017 na Indonésia não será retirada. Melhor evitar o país se quiser gastar suas criptomoedas. Umar Farooq, chefe do blockchain do JP Morgan, revelou três pedidos iniciais para o JPM Coin. Mesmo assim, JP Morgan não tem planos para disponibilizar o JPM Coin a indivíduos por hora, uma vez que a moeda ainda está em fase de testes. O número de comerciantes que aceitam pagamentos em Bitcoin em todo o mundo aumentou em mais de 700% nos últimos 6 anos, sugerem dados da Coinmap. Binance irá remover CLOAK, MOD, SALT, SUB e WINGS, ou seja, quem possuir essas moedas na corretora devem retirar de lá o mais rápido possível. O time de basquete Sacramento Kings diz que usará tecnologia 5G, VR e blockchain para a arena da NBA do futuro. O basquete é um dos esportes de sucesso nos EUA. A Forbes começou a vender um boletim informativo chamado Forbes CryptoAsset & Blockchain, vendido a US $ 595 por ano ou US $ 195 por trimestre. A mídia tradicional tem se aproximado com atenção ao tema criptomoedas e blockchain. Coinbase agora permite aos seus usuários transações com Bitcoin Satoshi Vision (BSV). Essa medida mostra força da comunidade desta cripto ao conseguir comércio em uma bolsa grande de criptomoedas. BitTorrent anunciou no Twitter que seu token BTT em breve será utilizável pelo TronCard. Comunidade Tron comemora essa possibilidade principalmente após terem recebido seu airdrop. O mundo segue atento ao mercado cripto na metade de fevereiro, com muitas novidades mostrando que o desenvolvimento não para. Fique ligado no Livecoins para muito mais. O artigo Principais notícias sobre criptomoedas desta sexta-feira foi publicado originalmente em Livecoins.

a day ago

Tron Price Analysis: TRX Bulls are Back, Correction Phase Over?

Latest Tron News Underpinning the success of any project, is its ability to draw new users. It doesn’t matter the size or funding levels. Bitcoin became an instant success because of its ability to cut off gate keepers, the middle men that continue to squeeze out every last penny in legacy set ups. Read: Binance To Delist 5 Cryptocurrencies: CLOAK, MOD, SALT, SUB and WINGS Taking the same route, Tron are slowly but surely gravitating towards their ultimate objectives of not only decentralizing the web but creating an ecosystem for entertainment in a two-pronged approach. First, they are a smart contracting platform where users can create tokens, launch applications and receive funds from interested parties. On the other, it is also a place where talented coders are incentivized to develop and contribute apps. Tron Arcade is an example and with a $100 million kitty spread out over three years, the Tron Foundation has their eyes set on one of the three SE Asia blockchain powerhouse—South Korea. Also Read: BTT Paired with XRP and More BitTorrent News Updates It’s a strategic move and verified statistics shows that in 2018, gamers in the country spent a whopping $5.8 billion. Armed with a scalable and a high throughput platform that’s already attracting developers from Ethereum, Roy Liu, the Business Development Manager signed a deal with two of South Korea’s leading gaming associations-Korea Mobile Game Association (KMGA) and the Korea Blockchain Contents Association (KBCCA). Add this to Justin Sun’s recent comments that their goal this year is education, it’s only a matter of time before we see how their efforts are paying off and influencing price action. TRX/USD Price Analysis Even so, TRX is not fairing any better. After an initial pump that temporarily thrusted prices above the all-important 2.5 cents, prices are sliding back and retesting primary support levels. Regardless, we shall continue to hold a bullish outlook on the digital asset. However, it’s all depends on how fast TRX prices recover from current lows as bulls snap back to trend thrusting prices towards 4 cents and later 6 cents. Trend and Candlestick Formation: Bullish, Breakout pattern In the lead up to BitTorrent ICO, the need of TRX and BNB temporarily pumped the coin causing a mis-pricing that is now being corrected. Despite this slide, prices are technically trending within a bullish breakout pattern with clear supports at 2.3 cents—2.5 cents zone. Considering price action of the last few days, it is likely that the retest phase has been completed. This stand will hold water more so if today close as a bullish right off the support line complete with decent volumes. If that is the case, risk off traders should begin looking for opportunities in lower time frames with first targets at 3.1 cents. The 3.1 cents mark is the tops of the inverted pin bar of Jan 27 and a conservative buy trigger line whose breakout could catalyze a rally towards 4 cents and even 6 cents. Volumes: Bullish On average, transactional volumes between mid-Dec and early Jan stood at around 16 million as relayed from Binance records. The correction wave between mid-Dec to Feb averaged around 8 million. This discrepancy means buyers are technically in charge and with evidence from candlestick arrangement, it is likely that volumes pick up. Ideally, volumes signaling bulls should be high above 8 million averages and even exceed 42 million of Feb 4. All Charts courtesy of Trading View—Binance This is not Investment Advice. Do your Research. The post Tron Price Analysis: TRX Bulls are Back, Correction Phase Over? appeared first on Ethereum World News.

a day ago

Binance delists 5 projects including SALT Lending

Binance, the largest crypto exchange by traded volume, announced Friday that it has decided to delist and cease trading of five tokens - CloakCoin, Modum, SALT, Substratum and Wings. Binance says that it periodically reviews projects to ensure that they “continue to meet the high level of standard.” According to Binance, the delisted projects no longer fulfill the necessary standard after conducting the recent reviews. The tokens will be delisted on Feb. 22 at 10 a.m. UTC. Withdrawals of the coins will be supported for another three months after the coins are delisted. In November, it was uncovered that the SEC was investigating SALT Lending and issued a subpoena in February. The SEC was looking into whether SALT’s ICO was an unregistered securities offering and also into how the firm spent the raised funds. According to CoinMarketCap, approximately 80 percent of SALT’s liquidity came from Binance in the last 24 hours. The post Binance delists 5 projects including SALT Lending appeared first on The Block.

a day ago

Binance to Delist 5 Cryptocurrencies on February 22 Due to Standard Failure

Binance, one of the world’s biggest crypto exchanges, is reportedly delisting five tokens on its platform. The affected cryptocurrencies are CloakCoin (CLOAK), SALT (SALT), Modum (MOD), Substratum (SUB) and Wings (WINGS). The exchange, according to the announcement, will also cease the trading of these five tokes on all trading pairs. As per the report, the delisting will take effect at 10.00 AM UTC on February 22, 2019. “At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard or the industry changes, we conduct a more in-depth review and potentially delist it,” the official announcement states. (VK)

a day ago

Binance To Cease Trading of Five Tokens On Feb 22, Following Standard Failure

Announced on Feb 15, 2019, Binance cryptocurrency exchange is delisting the five cryptocurrencies on its platform. Accordingly, it will also cease the trading of those five tokens on all trading pairs as well. The move will come into effect on Feb 22, 2019. Tokens No Longer Meet The Level of Binance’s Standard One of the largest cryptocurrency exchange, Binance which currently stand with average marketcap of $475,898,758 is delisting CloakCoin (CLOAK), Modum (MOD), SALT (SALT), Substratum (SUB) and Wings (WINGS). The exchange would delist these coins and tokens on 22 Feb 2019 at 10.00 AM UTC. The move comes amidst the exchange’s review process for tokens to ensure they meet the high level of standard Binance has set. Consequently, the absence of such requisites by listed tokens will let Binance potentially delist after the prior in-depth review. Consequent to the delisting of these five tokens, all trade orders will also be removed automatically. Furthermore, Binance will support traders and crypto enthusiast in funds withdrawal from these coins until Feb 22, 2019, at 10.00 UTC. Moreover, it cautioned users not to select ‘Hide small assets’ in user’s fund page if they intend to view asset after Binance cease the trading of these coins. The official announcement states that; At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard or the industry changes, we conduct a more in-depth review and potentially delist it. The review process of Binance includes the number of criteria- few mentioned by team Binance are as follows; The commitment of the team to project Level and quality of development activity Network / smart contract stability Level of public communication Responsiveness to our periodic due diligence requests Evidence of unethical/fraudulent conduct Contribution to a healthy and sustainable crypto ecosystem What’s your stake on Binance’s move to delist these tokens? share your opinion with us. The post Binance To Cease Trading of Five Tokens On Feb 22, Following Standard Failure appeared first on Coingape.

a day ago

Binance delists five projects including SALT Lending

Binance, the largest crypto exchange by traded volume, announced Friday that it has decided to delist and cease trading of five tokens - CloakCoin, Modum, SALT, Substratum and Wings. Binance says that it periodically reviews projects to ensure that they “continue to meet the high level of standard.” Based on the recent reviews, the delisted projects no longer fulfill the standards. The tokens will be delisted in a week, on February 22 at 10am UTC. Withdrawals of the coins will be supported for three months after the coins are delisted. The post Binance delists five projects including SALT Lending appeared first on The Block.

a day ago

Binance To Delist 5 Cryptocurrencies: CLOAK, MOD, SALT, SUB and WINGS

Binance has announced that it will be delisting five digital assets in the next few days. All trading activities of the coins will cease on the 22nd of this month at 10 am (UTC). The five affected coins are as follows. CloakCoin (CLOAK) Modum (MOD) SALT (SALT) Substratum (SUB) Wings (WINGS) Reasons For Delisting Binance constantly reviews each digital asset on its exchange. Those that do not meet a set list of criteria are delisted . Crypto traders on the platform are given adequate notice to adjust to the changes. The team at Binance decides to delist a digital asset when the following is not met. Commitment of the team to project Level and quality of development activity Network / smart contract stability Level of public communication Responsiveness to our periodic due diligence requests Evidence of unethical / fraudulent conduct Contribution to a healthy and sustainable crypto ecosystem Withdrawals to Continue till 22nd May, 2019 All orders associated with the 5 cryptocurrencies will be automatically removed on the 22nd of February at 10 am (UTC). Traders who hold the five affected coins have until the 22nd of May to withdraw their digital assets out of Binance. Most Recent Delistings by Binance The five aforementioned coins are the first batch delisted by Binance this year. Last October, Binance delisted Bytecoin (BCN), CHAT, Iconomi (ICN) and TRIG due to similar reasons. Delistings Not Limited to Binance The third and fourth quarters of 2018 found many exchanges delisting several coins due to a variety of reasons such as low liquidity and lack of development progress from the teams responsible. In December, Huobi had placed 32 digital assets on probation due to insufficient trade volume. KuCoin also delisted 10 digital assets lin the same month due to reasons similar to those outlined by Binance. What are your thoughts on Binance delisting the 5 digital assets of CLOAK, MOD, SALT, SUB and WINGS? Please let us know in the comment section below. [Image courtesy of Unsplash.com] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Binance To Delist 5 Cryptocurrencies: CLOAK, MOD, SALT, SUB and WINGS appeared first on Ethereum World News.

a day ago

How to Learn Crypto Trading With No Risk? Try It in DEMO Mode!

For many people, learning to trade cryptocurrency can be scary. It’s much easier to sit on your investments and HODL. While there’s nothing wrong with that approach, it’s important to realize that you’re leaving money on the table. Even for assets that you plan to hold for a long time, it’s possible to make a lot of money on the ups and downs while you’re waiting. This can easily double or triple the number of coins and tokens in your portfolio without you needing to add any extra income from your regular earnings. That alone makes it worth it to learn to trade cryptocurrencies, and with a little knowledge, it’s not difficult to do it successfully if you’re keen to learn and willing to be patient. Unfortunately, there are of course some big problems for newcomers to this scene. Many cryptocurrency investors are young, and they have no investing experience at all, let alone crypto investing experience, which is a whole different ball game. Many of them also have limited funds to spend on learning, and there are often limited tools available that will allow you to practice your trades without wasting a lot of your capital. How can you learn cryptocurrency trading with no risk? The best way to learn cryptocurrency trading with no risk to your existing portfolio is to use a cool free tool called Bitsgap. This tool features a great cryptocurrency demo trading function which allows you to get started with learning how to trade without risking your capital. When using the demo feature, you can trade live using actual market conditions. They also have lots of great technical analysis tools available that allow you to draw trend lines and view things like the moving average to make better trades. If you’re new to cryptocurrency trading, then you might not know what all of these things are yet. That’s okay because Bitsgap is simple enough that beginners can use it to trade, but when you’re ready to get more advanced, the features are there. The Bitsgap team also has a blog full of helpful articles that can help you to learn what everything means and how to use a lot of these indicators for your trading activities. When you’re ready to start trading for real, you can easily switch to Live trading. You can connect the APIs for all of your exchange accounts and take advantage of Bitsgap’s best feature, the fact that you can trade on 25+ exchanges from one interface. This makes it super easy to manage your portfolio at a glance and execute trades without having to juggle multiple logins. Using an aggregated platform like this saves you a ton of time and makes it super easy to see how much profit you’re actually making. Plus, if you want some additional profit you can check out the arbitrage page that will allow you to execute arbitrage trades with just a couple clicks between exchanges. This is free profit for you, and the app does a great job of helping you manage these trades. Where do you start with cryptocurrency trading? Learn to understand trading pairs Cryptocurrencies have trading pairs. This means that when you’re trading a currency, you’re trading it against the value of another currency. For example, when trading ETH/BTC, you’re trading Ethereum against the value of Bitcoin. Some pairs are easier to trade than others, and some pairs might even cost you a premium based on supply and demand! Be careful here and make sure you’re using the right pairs for maximum profit potential. Sometimes you can arbitrage these pairs to make more profit for yourself when making trades! Learn how to place orders If you use the Bitsgap platform, their order function is very easy to use. All you need to do is select the type of order you want at the bottom of the screen. Enter the amount that you want to pay, the number of coins and hit the buy or sell button. Learn about the different types of orders There are multiple types of orders you can place to help your trading. Here’s what they mean! Limit order If you want to buy an asset but only for a certain price, you would use a limit order. Your order will only be filled for the price you specify. These orders will not be filled unless your price is reached. Market order A market order executes a price for whatever the current market price is. Use this if you need to buy or sell assets quickly. You might not always get the best deal with this order type. Stop-loss/take profit order Use these advanced order types to make sure your orders execute when certain price thresholds are reached to make sure you either earn a profit or don’t lose money when a trade goes south. Shadow orders Shadow orders allow you to place orders which are not on the books, like stealth mode. It also doesn’t freeze your capital so you can have multiple open orders depending on certain conditions. It’s a unique and very useful feature for Bitsgap traders. Top 5 tips for crypto trading newcomers Secure your trading and email accounts with 2FA Don’t use all your funds for one trade Don’t invest too much unti

2 days ago

Catch Caleb Slade, SALT CoFounder and CKO speaking as part o...

Catch Caleb Slade, SALT CoFounder and CKO speaking as part of The Dollar Vigilante Conference prior to… https://t.co/h1DBZlHip0

4 days ago

Colorado's Blockchain space is growing. SALT CoFounder Blake...

Colorado's Blockchain space is growing. SALT CoFounder Blake Cohen @BlckchnCowboy shared, "We expect to see Colora… https://t.co/8NTJfhwTEq

5 days ago

SALT is a proud Meta level sponsor for ETH Denver this year....

SALT is a proud Meta level sponsor for ETH Denver this year. Check out all of the events for the whole upcoming… https://t.co/eTFu2cgr8F

8 days ago

Keep up with SALT by subscribing to our blog on Medium. Las...

Keep up with SALT by subscribing to our blog on Medium. Last week we shared a blog on security… https://t.co/I8GfpWyTJ1

9 days ago

SALT is proud to be a Meta Sponsor for EthDenver 2019 @Ether...

SALT is proud to be a Meta Sponsor for EthDenver 2019 @EthereumDenver If you have questions or would like to connec… https://t.co/Ye2iufyKVY

12 days ago

Crypto Concierge Reports Bumper 2018 with $250 Million Transaction Scoop

It appears that luxury goods purchased with cryptocurrency have not suffered from the current bear market if the 2018 receipts of firms such as The White Company are anything to go by. Elizabeth White’s company, which caters very much for those that have, and indeed want to spend large sums of cryptocurrency on luxury items, returned USD 250 million in transactions last year, according to latest figures released in January. However, the proprietor claims you don’t need to be rich to sign up. “Luxury is not just for the wealthy, and our customers from a variety of ages, incomes, occupations,” said White in a recent Forbes interview, although the company is clearly aimed at Bitcoin millionaires. She admits that many of her clients need help in purchasing luxury goods such as “Ferraris, Lamborghinis, rare art and jewelry” to clients all over the world paying in crypto. The White Company’s concierge service may be increasingly becoming a niche market but judging by last years figures, there are still plenty of potential clients out looking to spend cryptocurrency. And now that exchanges have more exacting regulations on large cash withdrawals, White’s site is often a go-to alternative when it comes to buying goods requiring fiat payment. She sees the bear market as no hurdle to progress in the industry: “The speculative bubble in cryptocurrency is over, which is a good thing, as it allows the community to focus for more serious, long term projects, such as the solutions that [the] White Company is building.” Another market which has profited from the current status quo is the lending sector with companies such as Celsius, SALT Lending and ETHLend recording higher profits than in previous bull periods. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Crypto Concierge Reports Bumper 2018 with $250 Million Transaction Scoop appeared first on BitcoinNews.com.

12 days ago

NEM Foundation Reaches Out to the #NEMcommunity and Proposes Transition from a Promotion-Based to a Product-Based Organisation

The NEM Foundation has notified the community regarding the ‘state of things’ at the NEM foundation and replied to the numerous concerns of the community. The NEM Secretariat Office has elaborately explained the situation the new management, under Foundation President Alexandra Tinsman, is facing, with their future plans and clarifications. The NEM foundation releases the announcement one day post their bankruptcy rumor to clear the air of doubts for the NEM community and their employees. They have applied for new funding with a Venture Capitalist and are expecting increased liquidity in a month. Furthermore, the response was a mix of sweet and salt served on a reality platter. They confirmed the layoffs, though asserted that hope is still there and everything will be back on track. Questions Regarding Community Funding of $7.5 million The NEM Secretariat Office notified the community that it would not be utilizing the community fund it has assigned previously for specific operations. However, they have expressed the notion of a crowdfunding approach by the community to help the company with momentary liquidity. They confirmed that they will be releasing the details of the funding process before the community. They asserted on the decentralization ethics and the requirement of joint efforts from the community. The NEM project is open-source and XEM token is decentralized. Hence, the supporters of the $365 million crypto-community currently ranked 18th on Coinmarketcap can be expected to uphold the NEM Foundation financially in adverse times. An excerpt from the reply, “This request will be made as a proposal to the community soon. It’s important to remember that the NEM Foundation operates as a separate entity and is one of many ecosystem contributors to the NEM open-source project. Therefore the NEM Foundation is not NEM. The NEM open source project remains strong and thriving and Catapult development is unaffected by the financial situation of the NEM Foundation.” Message to the Employes The NEM foundation has reported that due to liquidity problems they have kept all their current operations “on hold”. This means that some of the current employees are laid-off for a while or permanently depending on the budget constraints. They have expressed their disappointment in making such decision to the members and the NEM community. They expect to receive funding in the next month which will act as fuel for the organization. Finally, they Secretariat Office reasserted the employes that hope is still there. “We cannot apologize for the past decisions before we came into leadership, but we want to let you know that there is hope for the future. ...We would like to emphasize that the NEM Foundation is not firing any staff. Due to budget constraints, there are layoffs. In addition, there is a complete structure reorganization underway. Those that have been laid off will be given consideration for current openings under the new structure if funding is awarded.” Failure of the Promotion-based structure In a reply regarding the spending of 80 million XEM token by the previous management, the NEM Secretarial office notifies the community that the budget was primarily set to facilitate marketing projects. “The foundation’s original charter was to be the trustee of and make decisions for the public chain and spread its adoption. Awareness was a secondary goal of the foundation because it should increase naturally as a result of (successful) adoption. Therefore, in 2018 funds were primarily spent on marketing activities and training.” The company audit books have revealed huge loses to the tune of 9 million XEM per month, with the bear market still in action things are getting difficult for the organization. The reason for this has been the failure of the decentralized regional leadership structure. NEM had set up local teams with a certain level of autonomy to function as an independent firm as long as they promoted NEM. The announcement clearly stated that “We saw efforts being duplicated, and inconsistent metrics of success. We saw very little accountability for funds and questionable ROI, leading to a burn rate of 9 million XEM per month. In terms of running an effective organization, the existing structure failed.” New Product-focused Structure The new product focused regime would eliminate the regional teams for product-focused teams. The level of autonomy that the regional teams enjoyed has also been revoked. They notified that the new administration would involve a strict hierarchy which will be set up to keep the members aligned to the NEM foundations’ goals. “All Foundation employees and contractors will now report to one of the seven product teams. The heads of these teams are Chief Technology Officer, Chief of Product Management, Chief Financial Officer, Chief Business Development Officer, Chief Operations Officer, Chief Marketing Officer, and Chief Revenue Officer. ...Each of these team’s leads will be respons

14 days ago

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Novogratz's Galaxy Digital to Raise a $250M Fund to Help Needy Crypto Firms

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a month ago

ICOs arrecadaram US $ 24 bilhões em 2018, para onde foi o dinheiro?

Por: Livecoins A BitMEX publicou um relatório em parceria com a Token Analyst detalhando o paradeiro dos US $ 24,2 bilhões arrecadados por ICOs em 2018. A desvalorização das criptomoedas durante o ano fez com que o valor arrecadado seja agora de aproximadamente US $ 5 bilhões. O relatório detalha muitos pontos interessantes sobre o dinheiro arrecadado no período: Os 24,2 bilhões de dólares captados valem agora US $ 5 bilhões devido à perda de valor dos próprios tokens junto com o mercado. Este valor está com as equipes de desenvolvimento das ICOs, muitas das quais, conseguiram arrecadar fundos do nada ou com marketing baseado em elevadas expectativas para revolucionar indústrias com conceitos que ainda não foram completamente concretizados e nunca poderiam ser realizados. Destes US $ 5 bilhões, cerca de US $ 1,5 bilhão em ganhos foram obtidos com a venda desses tokens enquanto o mercado ainda estava saudável. Os valores em dólares desses tokens estão sujeitos a alteração porque a liquidez era e continua a ser um problema para grandes detentores de tokens de ICO. É mais provável que uma parte significativa dos US $ 24 bilhões arrecadados tenha sido mantido em Ethereum ou transferido para Bitcoin, onde ela pode ter ficado muito além do tempo em que o mercado estava saudável (alguns fundos podem ter sido transferidos para moedas estáveis ​​como a Tether). Várias interconexões entre os membros de equipe de ICO 2017 As 10 maiores perdas proporcionais no valor de endereços controlados por equipes foram uma média de ~ 95%, com a SALT perdendo ~ 97% de seu valor. Em última análise, o relatório aponta o que muitos já suspeitavam sobre o mercado de ICOs, o que é verdade para a maioria dos fundadores. Os fundadores viram uma oportunidade de enriquecer, colocando seus próprios tokens no mercado em troca de Ethereum, elevando o preço de seus próprios tokens, dando-lhes acesso a mais Ethereum que poderiam ser retidos ou retirados em BTC ou USD. O relatório também destaca a completa falta de cláusulas ou compromisso, que são restrições impostas aos fundadores nos mercados tradicionais para garantir que suas metas estejam alinhadas com as de seus investidores. Outro objetivo das clausulas é evitar que a equipe seja recompensada antes de fazer o trabalho necessário para desenvolver uma nova solução revolucionária de tecnologia que impacta positivamente o mercado. Em vez disso, os dados nos mostram que, em um mercado de captação de recursos, o que recebemos são centenas de tokens emitidos sem valor real atribuído, nenhum plano concreto para alcançar valor real e perspectivas mínimas de ganhos atualizados. Resumo: Cuidado ao entrar em ICOS O artigo ICOs arrecadaram US $ 24 bilhões em 2018, para onde foi o dinheiro? apareceu primeiro em Livecoins.

a month ago

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SALT vs ETHLend: Cryptocurrency Lending Platform Comparison

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Crypto Tidbits: Bitcoin Turns Ten, Ethereum Berated, Buy Fortnite Merch With Monero

Crypto’s 2019 arguably started with a bang, which was in stark contrast to the holiday season’s lull. The Bitcoin Network, for one, turned ten years old, just as a number of bullish development blessed crypto startups. Many hope that this positive momentum will continue to influence this industry in the months to come. Crypto Tidbits: Paypal Bans The Hacker News: Last week, The Hacker News (THN), a well-respected cybersecurity news portal, took to Twitter to express its distaste towards Paypal. According to THN’s company statement on the matter, Paypal permanently banned its accounts without mentioning a specific rationale. Paypal even purportedly rubbed salt on THN’s wound, so to speak, claiming that it would be holding wallet funds for six months, failing to cite a reason yet again. After some warranted banter, the American financial services firm explained that “specific reasons for such a decision is proprietary & [will not be] released,” skirting THN’s inquiry for the umpteenth time. This quip caused Bitcoin proponents to begin touting crypto’s merits. Matt Odell, a Bitcoin advocate, claimed that when there’s nowhere left to turn, BTC is always there. Marty Bent, a crypto-centric media creator, explained that payment processors have begun to lose their minds, likely referencing the worldwide theme of growing digital censorship. Bent added that it’s time to “level up” through Bitcoin, which will leave the “power drunk companies” in the dust. Crypto Startup Digitizes Tesla, Apple, Nasdaq Stocks As Ethereum Tokens: DX.Exchange, a crypto startup headquartered in Estonia and Israel, will be tokenizing the shares of Tesla, Apple, Facebook, and seven other Nasdaq-based stocks. This system will allow the firm’s users to trade the aforementioned stocks on the Ethereum blockchain, even when American markets are shuttered for the night or weekend. Eventually, the fintech company intends to expand its offerings to equities listed on the New York Stock Exchange, Tokyo’s Nikkei, and Hong Kong’s Hang Seng. These digital representations of stocks will be fully-collateralized, with MPS MarketPlace Securities, acting as the centralized counterparty. Mike Novogratz Doubles-Down on Crypto: Mike Novogratz, a former Fortress Investments top brass turned fervent cryptocurrency investor, bought 7.5 million ordinary shares of Galaxy Digital, a crypto-friendly merchant bank he founded, for a grand total of $7.42 million Canadian dollars ($4.8M U.S.). With this purchase, he now controls 80% of Galaxy (GLXY) stock. When this news broke, the shares of the firm surged by 40% on the day, moving up to $1.4 Canadian dollars apiece. Fortnite Merchandise Store Adopts Monero Payments: Per Riccardo Spagni and the Monero core team, the Fortnite merchandise store now takes payments in the privacy-centric cryptocurrency. This integration was enabled by Globee and paid for by a number of Monero community members and the aforementioned payment processor itself. Referencing the popular “Battle Royale” game, Spagni quipped on Twitter that “now you can purchase that sweet Durrr Burger onesie without your friends, family, or coworkers judging you,” evidently touching on Monero’s inherent privacy features. Interestingly, Globee accepts Bitcoin, along with a number of other leading cryptocurrencies, but the payment medium limited cryptocurrency transactions to solely XMR. Bitcoin Blockchain Turns Ten Years Old: On January 3rd, 2019, the Bitcoin blockchain celebrated its tenth birthday. Just ten years ago, Satoshi Nakamoto made the first transaction using BTC. Due to the importance of this auspicious day, the cryptocurrency community was evidently joyous and in a celebratory mood. BitMEX put a multi-page advertisement in The Times in an evident reference to Bitcoin’s origins. A number of decentralists celebrated Proof of Keys, an initiative headed by early crypto entrepreneur Trace Mayer that implores investors to withdraw their cryptocurrencies from exchanges. Prominent cryptocurrency content creators celebrated the day by singing One Million Dreams, a song from the blockbuster movie “The Greatest Showman.” Bitcoin Advocate Tuur Demeester Bashes Ethereum: Last week, Tuur Demeester, an altcoin cynic, Bitcoin proponent, and investor, compiled his years of skepticism towards Ethereum, issuing a 50-part Twitter thread on the matter. Through his scathing messages, Demeester, the founder of Adamant Capital, a so-called “Bitcoin Alpha Fund,” conveyed a multitude of reasons why he’s skeptical of the project. The Bitcoiner noted that Ethereum’s underlying architecture and culture is the stark opposite of Bitcoin’s. Yet, the former project is apparently still seeking to achieve decentralization and immutability, while becoming a store of value, an asset issuance platform, and a smart contract facilitator. He added that Ether’s current market capitalization of ~$15 billion is overinflated, as he sees the project as a “science experiment at best.” Sin

a month ago

Lending Productivity Defies Crypto Industry Downturn

Despite the 2018 market downturn, one clear beneficiary seems to have gained from Bitcoin’s drop in value over this past year. Creditors targeting cryptocurrency investors who have chosen to hold their coins rather than sell at low prices have benefited, as well as finding business through investors who want to stock up on cheap coins for short sales. A Bloomsburg report has suggested lenders been doing their own productive mining picking up sales throughout the bear market. The report suggests that the market is “putting lenders on both sides of Bitcoin’s bust: Helping believers pay their bills while awaiting a rebound, and also enabling bets by people who think the drop has further to go.” One lender BlocFi, which lends fiat to cryptocurrency depositors, commented that its customer base and revenue had increased by 100 percent during the latter part of 2018 after Mike Novogratz invested $52.5 million in the firm. CEO Zac Prince suggested this kind of business was low risk, confirming that the company had never suffered losses from this kind of activity. Genesis Capital, another lender had issued $700 million in loans with a current $140 million outstanding loans. The company’s CEO Michael Moro said that the company had been in profit since its launch in early 2018, commenting: “We’ve certainly proven that there is market demand, that there’s product fit and that it’s time to invest even more in this side of the business.” Salt Lending, another lending company is doing so well that it is forced to expand its operation to deal with new businesses, adding new employees to the 80-person team every month. Clearly, the bear market has a bullish side for those approaching cryptocurrency from an entirely different angle, where Bitcoin’s misfortune becomes a provider of business. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Lending Productivity Defies Crypto Industry Downturn appeared first on BitcoinNews.com.

a month ago

Cryptocurrency Lenders Thriving in Bear Market

Cryptocurrency-While most of the investment base for cryptocurrency continues to reel from 2018’s bear cycle, which saw Bitcoin fall over 60 percent and the altcoin market drop further, crypto lenders and those betting on debt have still managed to come ahead. According to a recent report by Bloomberg, creditors targeting cryptocurrency lenders have found a booming market despite the otherwise abysmal year for token prices. Demand is being driven by investors and crypto companies fearful of selling ahead of the next rally, or looking to the current interim of depressed coin prices as a buyer’s opportunity, Creditors focusing on the crypto arena say they’re finding strong demand from borrowers who don’t want to sell their virtual coins at depressed prices, as well as from big investors eager to borrow coins for short selling. It’s putting lenders on both sides of Bitcoin’s bust: Helping believers pay their bills while awaiting a rebound, and also enabling bets by people who think the drop has further to go. The Bloomberg report goes on to profile two cryptocurrency lenders, BlockFi and Salt Lending, who have been expanding despite the downward trend in cryptocurrency valuation. BlockFi, which received a $52.5 million investment from Mike Novograt’z Galaxy Digital Ventures, reports seeing its customer base grow 10-fold since June. Aave, the group behind ETHLend, a cryptocurrency lending marketplace, recently opened an office in London with plans to enter the U.S. market in the near future. While the majority of crypto lenders have been established since 2017, their practices have changed over the last two years with the shift from a bullish to bearish market. Initially, lenders provided a source of cash for investors and crypto-ventures afraid to sell their stockpiling of coins as market prices continued to climb. With the crash in token value that occurred throughout 2018, lenders have now provided a source for currency lending in exchange for cash. Michael Moro, CEO of Genesis Capital, told Bloomberg in a phone interview that the bear market has helped his industry, “The bear market has certainly helped — at least has fueled the growth,” Genesis Capital, which lends coins in exchanges for users depositing U.S. dollars, has already issued $700 million worth of loans since opening in March 2018. It reports having about $140 in outstanding loans lasting an average duration of six weeks. Moro reports an intention to double his staff in the coming years, and shared some further insight on the profitability of his venture, “We’ve been profitable from day one,” Moro said. “We’ve certainly proven that there is market demand, that there’s product fit and that it’s time to invest even more in this side of the business.” The owners and companies profiled in the Bloomberg piece seem to be of the impression that their business is low-risk despite its interaction with the highly volatile cryptocurrency market. In addition, lending companies provide flexibility to investors in both bear and bull markets, allowing crypto stockpilers to hold their coins during upswings in price while also allowing a fast accumulation of coins during periods of depressed pricing. However, while traditional investors have been disappointed with coin prices in the ongoing bear market, lenders have been able to capitalize. “Everything flies in the bull market, but true magic happens when it does well in a bear market,” Aave CEO Stani Kulechov said in a phone interview. “The crypto-backed lending model is one of the rarest.” The post Cryptocurrency Lenders Thriving in Bear Market appeared first on Ethereum World News.

a month ago

Crypto lending industry is thriving amid the bear market

As the bear market in crypto leads to job cuts at many firms in the nascent ecosystem, lending businesses continue to expand, according to a report by Bloomberg. Crypto lenders are in a unique position in that a bear market can actually increase demand for their services. “The bear market has certainly helped — at least has fueled the growth,” Michael Moro, chief executive officer of Genesis Capital, which operates a lending unit, Genesis Capital, told Bloomberg. Firms like Genesis can make money lending to investors looking to short bitcoin as well as to bitcoin “hodlers” who don’t want to spend their own crypto at depressed prices. Genesis plans to double its staff in 2019 and expand into Asia, according to the report. Elsewhere, BlockFi reportedly grew its revenues and customer-base 10-fold since June, the report said. Salt Lending, another crypto lender, is “hiring more every month as its revenue ticks higher.” The post Crypto lending industry is thriving amid the bear market appeared first on The Block.

a month ago

Predictions and speculation: Who got it right in 2018?

It’s hard to tell what might happen in an industry which can shift not only overnight, but even over a few minutes. This means that any predictions related to price, market movements and new coins cropping up should be taken with a pinch of salt and a generous amount of caution. Even the market experts might not be able to predict what’s about to happen or might make the wrong call. There are precious few, however, that have made the right call in the course of the last year and have managed to nail something down to a tee. In this, we’ll be exploring a couple of correct calls made in 2018. The market crashing Interviewed by CNBC’s Cryptotrader, an anonymous cryptocurrency expert Kazonomics called the bear market and November’s crash of Bitcoin in September.  Earlier in the year in June, Tod Gordon also predicted that Bitcoin would sink to a figure of $4,000 USD by the end of the year. This, of course, held up, and Bitcoin not only hit the predicted value, but further dipped, ranging around $3200 USD. Gordon expects that the token will rebound, which we have yet to see. Ari Paul At the beginning of last year Ari Paul, the CIO of BlockTower Capital, called the Bitcoin Cash hard fork saying that both Bitcoin and Bitcoin Cash would continue to split: 9/ Both BTC and BCH will continue to hard fork and >10% of the value of each (if held today) will reside in new offshoots. — Ari Paul (@AriDavidPaul) January 14, 2018 That being said, he did also predict that Bitcoin would be hitting $60,000 USD in the course of the year. At the time he posted this, Bitcoin was ranging around $18,000 USD, so his predicted $6,000 USD mark was somewhat shocking. 5/ Bitcoin will trade at both $6,000 and $60,000 at some point in 2018. — Ari Paul (@AriDavidPaul) January 14, 2018 The post Predictions and speculation: Who got it right in 2018? appeared first on Coin Insider.

a month ago

Lenders Profit From Both Bullish and Bearish Traders During Crypto Market Decline

Crypto lenders seem to be the only people who are benefitting in the current markets. After Bitcoin’s fall from grace last year, which led to a prolonged crypto winter, lenders are having a field day playing both sides of the market. They are finding demand from borrowers against selling coins at low prices and also from large investors trying to burrow coins for shorting purposes. The Double Whammy Brings Double Benefits Crypto lenders are seeing increased demand from borrowers who are HODLing on to their crypto reserves and don’t want to sell their coins for a low price. On the other hand, demand for borrowed coins is also strong among big investors who want to short digital assets. This is putting crypto lenders in a good position, helping them get business from crypto enthusiasts who will HODL and crypto deniers who want to short the coins. One of these lenders is BlockFi, whose customer base and revenue have grown by 10x since Mike Novogratz ‘s Galaxy Digital Ventures invested $52.5 million in their business in June 2018. The company is planning to launch new credit products, including a loyalty card that earns crypto and a Bitcoin interest-bearing savings account. ETHLend owner Aave recently opened an office in London and is nearing profitability while eyeing the US market. Aave CEO Stani Kulechov commented on the situation, saying: “Everything flies in the bull market, but true magic happens when it does well in a bear market. The crypto-backed lending model is one of the rarest.” Salt Lending, on the other hand, already employs an 80-strong team and growing revenues. It is hiring more everymonth as revenues increase. Bad Times for Crypto Market = Good Times For Lenders Most crypto lenders entered the business in 2017 when digital coins were happily moving to their all-time highs. Initially, they would offer crypto enthusiasts a chance to borrow against their crypto reserves without having to sell them. Post the market crash; lenders have now pivoted to different tactics and continue to flourish. Overall, the bad times in crypto are good times for lenders. Michael Moro, Genesis Capital CEO noted: “The bear market has certainly helped — at least has fueled the growth.” His company, established in March last year, allows institutional investors to borrow virtual coins against US dollars. Their customers have to deposit $1.2 million in fiat to borrow $1 million in crypto with interest going from 10 to 12%. They have issued $700 million in loans already and have $140 million in outstanding loans. The company wants to double its staff and expand to Asia this year. Moro added: “We’ve been profitable from day one. We’ve certainly proven that there is market demand, that there’s product fit and that it’s time to invest even more in this side of the business.” Lenders Profit From Both Bullish and Bearish Traders During Crypto Market Decline was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

a month ago


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